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to washington. she owned a house on i lafayette square, a block and a half from the white house. jeepings was a member of the -- jennings was a member of the staff so like it or not, he went back to washington too. he had come of age in washington, serving on the madison domestic staff from age 10 to age 18. he had considered running away when that period of time was up, but instead, in the end, went back to montpelier. after all, that was his home too. he was not ready to never see his mother and other kin again, and he was the only eyewitness who left an account at the desk of james madison, but now, dolly madison was selling month peelier, and that separated jennings from his own wife and children. he had married an enslaved woman at a nearby plantation to month montpelier, and that meant their five chirp, as they came along, were owned by his wife's owner. they had barely been able to get together by once a week, and now, jennings was moving from virginia all together. his wife dies about the same time. now these are motherless children back in virginia. the youngest, only two years o
of knowledge on lincoln or george washington? pretty much everything that could be written about linking -- lincoln or washington probably has been written. the rate historians whose figures point to pouring through the letters and the evidence of a book on i can or the hundreds of books on washington. my thought was, why not look at that person in it than the best, the first ladies? historians have largely ignored the role of the first lady as they have largely ignored the role of -- in shaping the man. i suspect a lot of my colleagues tend to be older men, educated in a certain way that didn't study such matters and most historians most historians is that we say were not educated in matters of the heart. so therefore canon's crowns and kings are what folks focus on. in setting the first lady's for example the first thing thomas jefferson did after spending 17 days on the south side of philadelphia writing the declaration of independence, the first thing he did was he went shopping for martha, his wife. he missed her. she was pregnant and she had a miscarriage. he missed her and he boug
. >> as long as washington keeps santa claus hostage we'll continue to see this. "the santa clause" rally hasn't appeared because it has been over this fiscal cliff. kudos on fox business for the headline of story coming out of washington congress will meet on sunday this coming weekend that. is definitely took us off our low. we had a major rally on that. 10 handles on the s.o.p.s we watched down here. it was a painful trade there for a couple of hours. ashley: ben, very quickly up until now the market hasn't really reacted to the fiscal cliff but seems today it really sort of kicked in. did the market get it wrong up to this point? >> the fear is we may have got it wrong. market as i've been saying for a while believes in fact we will have a resolution so we will not go over the cliff. the recent commentary maybe has been there will be a patch so we'll get it done by early january. the comments by mr. reid today. the ball was thrown into his court by mr. boehner who failed with his party, the expectation was mr. reid would have something positive to say the tape sent a clear message to washi
is the author. thank you for being an book tv. >> and now bailout, an inside account of how washington abandoned mainstream while rescuing longstreet. he argues that the $700 billion troubled asset relief program or t.a.r.p. program was mishandled. about 40 minutes. >> joining as now his kneele brodsky, a former inspector general for tart -- t.a.r.p. you saw him earlier on a panel. here's the cover of his best seller called "bailout." how did you become the inspector general? >> it is kind of a strange thing, especially for me. i was a federal prosecutor up in the southern district of new york. i spent the years leading into the financial crisis during securities fraud cases and earlier in 2008i started the mortgage fraud group that was targeting, you know, those types of cases that really helped lead to the financial crisis, major fraud in the mortgage finance system. so after the t.a.r.p. bill was passed, congress enacted this marble piece of legislation, they included within this new agency called the office of the specialized sector general for the trouble as a relief program. this incredibl
out of washington. we have boehner coming out with plan b. we are getting harry reid response saying that speaker banners -- boehner approach is very far away. the markets have managed to move back higher. there is a look at the nasdaq. the dow is a winner of about .5%. connell: let's follow up on this breaking news on the speaker of the house john boehner. dagen: richardson is live in washington, d.c. with what the heck. rich: the house will vote as early as this week to extend tax rates for those making less than a million dollars a year. house speaker john boehner says he is still negotiating plan a with president obama. the reason for the backup plan, speaker boehner says, after optimism, the white house is latest offer has soured the mood within republicans. >> it was essentially a $1.3 trillion in new revenues for only $853 billion in net spending reductions that is not balanced in my opinion. rich: there are substantial differences. the speaker is willing to allow a rate hike on those earning less than, excuse me, more than 1 million. speaker boehner wants a $1 trillion in spe
cliff is still being played in washington. why congress emptied out this weekend with no deal in hand. plus, what are the most intriguing images of 2012? from the disturbing to the hilarious, we'll look at the year that was. year that was. "your $$$$$" starts right now. -- captions by vitac -- www.vitac.com >>> congratulations, washington, you achieved nothing this week. this is "your $$$$$." last week, president obama's offer to avoid the fiscal cliff was laughed at by republicans. this week, the gop countererred. extend the bush tax cuts to everyone, including the rich. revenue, cost savings, cutting, whatever you want to call it from vague areas such as closing, special interest loopholes and deductions, savings from health care and cuts in discretionary spending. other than that, no specifics. president obama wasn't feeling it. he said the gop must agree to one thing to get anywhere close do a deal. >>. >> wee going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> speaker boehner fired back. >> this week, we made a good faith
neil barofsky talks about his book, bail out an inside account of how washington amended main street while rescuing wall street. he argues that the 700 billion-dollar troubled asset relief program or t.a.r.p. bailout fund was mishandled. it's about 40 minutes. >> joining us now is neil barofsky, former inspector general for t.a.r.p.. you saw him earlier on the panel. here's the cover of his bestseller. it's called bailout. .. >> i was nominated by my boss, and it was this crazy whirlwind when i had that conversation and was serving. >> what was the date he that you started? >> december 15, 2008. >> what are your politics? you the bush administration, essentially, but what are your politics? >> i have been a lifelong democrat. since i was old enough to go. vote. i have always been a registered democrat. it is actually kind of funny. when the u.s. attorney approach me and asked me if i was interested in the job, i was going to different excuses as to why didn't want to go to washington. i was very happy being with a prosecutor. i was getting married. finally, when all those argu
with an exclusive look at their latest cfo survey. how are cfos planning what washington can decide? liz: state across the country must decide today who will be setting of the mandatory health insurance exchange required by the health care act. the decision could have a big impact on your coverage and the prices you will pay and maybe insurance stocks. we will break down the numbers for you straight ahead. [ male announcer ] this is amy. amy likes to invest in the market. she also likes to ride her bike. she knows the potential for making or losing money can pop up anytime. th's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily.. or weird... or wonderfully the market's behaving... which isn't rocket science. it's just common sense. from td ameritrade. but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung fu
solid reasons to feel totally downbeat. first, i can't believe we're still focusing on this washington thing. for five years we've had to keep one eye on washington, one eye on wall street. i remember whole ten-year stretches i didn't care what was happening down there. at the moment, we can barely focus on anything but washington. the whole u.s. economy, your entire portfolio is hostage to two warring parties, demonstrating a level of partisanship that's been empirically measured to being the worst since 1860, the origins of the civil war. let's hope it doesn't take out that particular benchmark. we're witnessing a titanic struggle between those who are willing to rise above politics, and compromise to cut spending and increase taxes. yes, that's the actual compromise radical middle position as dave cote from honeywell says, and those who simply refuse to accept tax increases or entitlement cuts. given that the president's saying he campaigned and won on a platform of higher taxes for the wealthy and the republicans say they were elected because they pledged to behind the scenes power
for more self-inflicted wounds, certainly not those coming from washington. >> analysts say failure to reach a deal with poison u.s. consumer spending. the fiscal cliff would trigger tax increases and government spending cuts in january, leaving far less money in the economy. the international monetary fund warrants of knock on effects for the global economy. -- warns of knock on effects for the global economy. the pressure is on in washington to agree on a plan. only then might the applause on wall street be a little more genuine. >> with the clock ticking ever more loudly in washington, let's bring in our correspondent. first off, are the prospects of an agreement as dim as we are hearing, or could there be a last-minute deal? then of course this could happen, but i think it is quite unlikely. there is an increased pessimism that a deal can be achieved in washington, d.c. from my perspective, i think washington moves too slowly. tax rates will go for all americans, and cuts will go into effect by the end of this year, and we will see no more unemployment benefits for about 2 milli
on stock holders they are facing something like the debt ceiling debacle. if the armed camps in washington don't disarm and agree to talk to each other in a serious way, and not just the bluster sessions that seem to be happening daily these days, which reminds me, do you remember -- do you remember the debt ceiling nightmare last year? going to those horrendous talks last summer, everybody felt very confident that the president and congress weren't really at loggerheads. market was almost at its high. pretty good, vix low. then like now, we heard that the discord was only political posturing. the stock market forwarded ahead, and the complacency was thick and more people worried about missing a move up rather than talks break down and we might actually default. every time we heard meetings between the president and the speaker like tonight, we figured we would hear mission accomplished the very next day. but we didn't. things got rancorous. ugly stalemate. the market dropped. we got a deal, but only after, not before, we had that hideous sell-off. makes sense. remember how unruly congress
washington to proclaim the protesters vandals. this about 50 # -- 50 # minutes. >> there is nothing so easy but to persuade people they are badly governed. those words were spoken by the brilliant 18th century massachusetts governor thomas hutchenson, and i'll tell you more about him later. let me tell you what else he said because the words hold true today as much as they did then in 1774. governor hutchenson said you can take the happiest and most comfortable people and use malicious, rhetorical skills to arouse popular discontent with their government, with their rulers, with everything around them, even themselves. this is one of the weaknesses, he said, these are his words "one of the weaknesses of human nature of which ambitious politicians make you to serve their purposes." i year before he uttered those words, a group of boston rebel rowsers convinced americans they were miserable, and to quote hitchenson again, "those who think they are misrabble are so despite real evidence to the contrary." now, i doubt if there's a single one of today's tea party patriots who knew what the origi
. it was a couple of days' ride from monticello to washington. he stopped at an inn and falls into a conversation with a fellow guest and they have a lovely, wide ranging discussion the next morning the other guest mr. jefferson is up and out and the other guest had never called his name and he said to the inn keeper who was that and he said who did you think it was? for a while and you knew so much about medicine i thought he was a doctor. then we talked about theology and he seemed as though he might be a priest though a shaky one. i thought he could have been certainly a farmer because of everything he knew and he said i thought you knew mr. jefferson. he was a master of so many different worlds and he was indefinitely curious at the time when human curiosity and the ability to lead us to our own destiny to fulfil in many ways our greatest potentials to discover, to explore was new in the world and this was the enlightened era. they had been a day before yesterday. for the first time ever, priestley and princely authority was in the dhaka, and jefferson was there to reap the harvest of the shi
, washington, you achieved nothing this week. this is "your $$$$$." last week, president obama's offer to avoid the fiscal cliff was laughed at by republicans. this week, the gop countererred. extend the bush tax cuts to everyone, including the rich. revenue, cost savings, cutting, whatever you want to call it from vague areas such as closing, special interest loopholes and deductions, savings from health care and cuts in discretionary spending. other than that, no specifics. president obama wasn't feeling it. he said the gop must agree to one thing to get anywhere close do a deal. >>. >> wee going to have to see the rates on the top 2% go up and we're not going to be able to get a deal without it. >> speaker boehner fired back. >> this week, we made a good faith offer to avert the fiscal crisis. now, we need a response from the white house. we can't sit here and negotiate with ourselves. >> so, here we are, just over three weeks from going over the fiscal cliff. you're probably getting a lot of stuff around the house this weekend wondering what the heck is going on in these houses in washingto
to the continued uncertainty of washington, no real progress on a debt deal. the house speaker stuck in a blizzard in ohio, but you know what? the dow managed to raise earlier, just up a hint now, just a touch. meanwhile, the nasdaq, the s&p500, and the russell, as you can see, down slightly on the day after christmas. retail stocks are casting a follow on the market, the s&p500, the high end end names, all in the red. we got coach, high end retailers such as tiffany moving lower, ralph lauren, urban jut fitters lower on poor data on sales this holiday season, and it's all due to the latest holiday spending figures that the stocks move lower. sales decreasing at a slow pace since the recession hit in 2008 according to the mastercard survey, the latest one. we'll pick apart the numbers later on in the show. hey, but check out crude oil, @ jumping today, up more than 2%, 3% on the day, near 91 bucks a barrel. first, there's optimism about a budget deal, perhaps in the next few days, optimism, isn't it, and supply concerns, iran is conducting naval test exercises and a strait of hormuz beginning tomo
was happening down there. at the moment, we can barely focus on anything but washington. the whole u.s. economy, your entire portfolio is hostage to two warring parties, demonstrating a level of partisanship that's been measured to being the worst since 1860, the origins of the civil war. let's hope it doesn't take out that particular benchmark. we're witnessing the titanic struggle between those who are willing to rise above politics, and compromise to cut spending and increase taxes. yes, that's the actual compromise radical middle position as dave cote from honeywell says, and those who refuse to accept entitlement cuts. given that the president's saying he campaigned and won on a platform of higher taxes for the wealthy and the republicans say they were elected because they pledged to behind the scenes power broker grover norquist they would never raise taxes, it certainly seems that the impasse cannot be solved and we got to -- go over the cliff. not only do the hard liners refuse to rise above partisanship in order to avoid a government man-dated recession, which is what it's amounted to
to the most powerful impact of the republican party. norquist can't vote for one. memo to washington who people think there could be a deal easily, these republicans don't fear the wrath of speaker boehner like they do the whip of norquist. in two weeks' time, we'll have a dramatic tax increase. going over the cliff is the only way these norquist controlled republicans can spare the wrath of grover. which i believe having known grover for 35 years is indeed worth than the wrath of khan. so why bother to sell now? it's a pretty legitimate subsequent, can't it? now we rallied 7% from the november woes. and i believe we can keep selling off. not hard, but certainly a couple percent as more and more people recognize that we could be going over the cliff. even if this is why you shouldn't sell. pull back again. perhaps by getting the achievable goal by helping the middle class with tax breaks. remember, it isn't a cliff where you have a hard landing. more kind of a jump on to a trampoline, maybe like a deep swimming pool. there is a recovery that is almost a certainty, but it could be a vicio
in books at a library in washington state. >> three friends out to eat at the cameo club casino in stockton were shocked when they got their bill. and saw the word "fat girls". written on the recipt. immediately the women brought the check up to a manager. the manager tried to remedy the situation by offering them 50 percent off. but they say that isn't enough. >> i still cannot believe it, it was just over and over again. that is something that we cannot change. >> the man responsible for the words winding up on the check. was already off work by the time the womennow he is suspended while the casino reviews the incident. >> conventional wisdom says that bed bugs are found in beds. not books. as is the case in washington state. librarians at the university of washington were shocked to find that several of their library books were infested with the bugs. experts say that there has been a rise in bed bug cases across the country in recent years. >> we spoke with professionals that are treating and what we see in the u.s. is what date are calling professional are calling at least four times
-span.org. the public funeral takes place in washington at the national cathedral beginning at 10:30 eastern. senator inouye will return home to hawaii on saturday. he died monday at the age of 88. the u.s.house will gavel in at 12:00 today. addressing the pending tax hikes and budget cuts of the so-called fiscal cliff. they will vote on speaker boehner's plan b which would raise tax rates for incomes above $1 million. they'll also vote on a bill that would replace the sequester budget cuts scheduled to take place on january 1, and also a vote on the defense authorization conference report. we'll have live coverage of the house beginning at noon here on c-span. and throughout the day. we'll take you live just outside the u.s. house live to hear from majority leader eric cantor who's going to be talking about the plan for the day and the votes ahead. should get under way momentarily. live coverage here on c-span. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> here on c-span we're waiting to hear from majority leader eric cantor. they
in beijing. they defend the dollar. the threat comes from washington and wall street. i make that new arguments in the new edition of "wealth and poverty." >> george gilder come you rate the united states over the last decade has witnessed a classic confrontation between the forces of entrepreneurial capitalism and those of established institutions, claiming a higher virtue, expertise and political standing. once i subsist on unforced for the enterprise. the other on branson told some privileges at the treasury, the federal reserve and the white house. >> that is exactly what we've had. when michael lewis wrote up a bit short. he is writing about all the jackal of hedge funds and the bed against the big banks were all supporting these subprime mortgages concoctions, confections and scans. it was all the most prestigious forces in both u.s. and the world economy that backed the blindsided by collet, people who are investing in these crazy concocted mortgage securities in which the value was totally unknown by the people investing in a period the people shorting means were hatch funds i
that there is going to be a positive conclusion in washington. the downside is not if there is not a vote to settle it. >> thank you, guys. see you later. have a good weekend. that's the first hour of the "closing bell" with the dow down 40 point. here's the second hour now with bartiromo. >>> hi, everybody. good afternoon. welcome to the "closing bell." i'm maria bartiromo. this market closing lower on this day of national tragedy. we'll have the late on the senseless school shooting in connecticut in just a moment for you, but, first, take a look at how we're finishing the day on wall street. declines on the market. once again worries about the fiscal cliff going into year end. the dow jones industrial average down about 33 points on the session at 13,137. volume really stopped in the middle of the day. we saw things slow down quite a bit on the heels of the awful shooting and fatalities in connecticut. the nasdaq and s&p 500 also under pressure today. the mood down here impacted by the awful events in connecticut with us is hank smith of haverford investments and maggie patel and rajai from barclay
all do here. i am a, i shopped here as a young washington monthly editor. shopped is too strong. we didn't have any money. as you all may remember, washington monthly editors were paid $10,000 a year which, as kate boo -- who won the national book award last night adding to her amazing list of of accomplishments -- kate used to say she knew she had actually graduated from the monthly when she could buy entrees as well as appetizers in restaurants. so i never actually spent money here, but i'll try to fix that. i am enormously grateful. i am a southerner, i'm from tennessee and think that understanding jeffson in his regional context as well as his national context and his political context is hugely important. he was a master of politics whether it was idealogically driven or geographically driven, and i think there's something resonant about a ferociously-divided atmosphere, big issues at stake and a president who's tall, cool, cerebral, pretty good at politics but doesn't like to admit it having to govern in a frack white house atmosphere. there is something that seems familiar ab
that will bite if lawmakers fail to come up with a plan. >> pessimism remains the prevailing mood in washington as the january deadline rapidly approaches. neither democrats nor republicans have any new proposals for a workable compromise. >> the starbucks coffee chain has urged its workers in washington, d.c., area to write "come together" on the cups, a plea for party leaders to work out a compromise, but some customers say that is not enough. >> i mean, i like with starbucks is riding on the cups. i wish they would write, like, something else, like "republicans, stop being stupid." >> i think the solution will probably be neutered and not very effective, but ultimately, i think they will avoid the fiscal cliff. >> but neither side appears willing to give in. democrats, for example, are frustrated that republicans will not agree to raise taxes on the wealthy. >> the majority of rich people in our great country are willing to pay more. the only people who disagree with that are republicans who work in this building. >> republicans say that democrats want to spend too much money. so, as much of
pass the measure in time? president obama says they can, we've got the latest from washington, on what could happen before the new year's day deadline. and wall street ends the year with a rally and healthy gains. s&p strategist sam stovall joins us with where he sees stocks headed in 2013. that and more tonight on "n.b.r."! washington lawmakers are getting close to a fiscal cliff deal, but they might not get it done before the midnight deadline tonight. the senate could vote in time, but it's possible the house will wait until tuesday. that means the u.s. could go over the fiscal cliff. on wall street today, investors bought up stocks on high hopes of deal, after president obama said this afternoon a deal is "in sight," and positive comments from republican leaders in the senate. here's how e major averagesr closed on this last trading day of 2012. the dow surged 166 points, the nasdaq jumped about 60, and the s&p rose almost 24 points. while wall street has already closed the books on 2012, washington still has a few hours to go before its new year's day fiscal cliff deadline. darren
that because we love gridlock in washington as the republicans right? so he said, if the senate reforms it, the filibuster, we'll block every vote. quote, any bill that reaches the republican-led house based on the senate democrat's heavy handed power play would be dead on arrival. if you thought gridlock was bad before, wait until you get a load of the new gridlock where he would kill every single bill. do you remember what president obama said before the election? i'll remind you don't worry here it comes. my hope, my expectation is that after the election, now that it turns out that the goal beating obama does not make much sense because i'm not running again that we can start getting some cooperation again. hate to do it to you but wrong again, bob. it doesn't look like you're going to get a lot of cooperation. but then the radical wing of the republican party said no the republicans are being too soft and boehner is being too light on the president. his grand bargain proposal the republican counter offer to the extent that it can be interpreted from the hazy details now available is a
? as with anything related to washington, there's no easy answer to why we didn't crash today. let me walk you through three different scenarios. gigantic sell-off is right around the corner. we'll get hit hard. it just hasn't happened yet. i got tons of e-mails last night from different theorists. it's just a matter of time. 11%. 15%. people say you ain't seen nothing yet. anything is possible. i wouldn't count on a sell-off. we deserve to sell-off 7% immediately upon initial failure of t.a.r.p. legislation because it was teetering on the abyss. we were on the verge of massive bank loans, atms that might not work because of hefty cash withdrawals. there's always a way to avoid a catastrophe which brings me to the second reason why we didn't collapse. with the debt ceiling deal we got last year, never forget politicians can always agree on something. something small. without any violation of principles. the politician that took no increase tax pledge governor norquist can't vote for one. don't ask him to. he can't vote for one even if the speaker of the house tried to cajole one for a tax incr
let's close tonight with some advice from one of you to washington. >> my message to all of washington for the new year is to set partisanship aside working on behalf of 100% of the voters, fix this mess you've gotten us into, bring a balanced budget to the table to grow this economy for the long term not the short term. >> there you go. for the long term, not the short term. >> there you go. i'm don lemon. happy new year to you. jooirksz . >>> hello, i'm don lemon and this is cnn's top 10 of 2012. we look at the stories that captured our attention, what we see as the biggest stories of the year around the world, in crime, money, weather and even the biggestscandals and later this hour, those stories chosen by you. anchor of state of the union, candy crowley, with the top ten political stories of 2012. >>> like finding your favorite grain of sand on the beach. impossible number of possibilities. catch phrases become boomerangs. >> if you got a business you didn't build that. >> i like being aable to find service members. >> i'm an american woman who uses contraception. let's start ther
and why it could be a good idea. your money starts right now. >>> congratulations, washington. you achieved nothing this week. this is "your money." president obama's offer to avoid the fiscal cliff was laughed at by republicans last week. this week the gop counter offered. theirs, extend tax cuts to the everyone including the rich. $2.2 million in areas from closing loopholes and deductions, savings on health care and cuts in discretionary spending. other than that, no specifics. president obama said the gop must agree to one thing to get anywhere close to a deal. >> we have to see the rates on the top 2% go up. we're not going to get a deal without it. >> speaker boehner fired back. >> this week we made a good faith offer to avert the fiscal crisis. now we need a response from the white house. we can't negotiate with ourselves. >> here we are just weeks away from going over the fiscal cliff. you probably wonder what's going on in these houses in washington. they put themselves and their political gains first and put their future in prosperity second. hey, you voted them in. remem
the budget. in other words, bernanke like so many of us has given up on washington's ability to govern, at least when it comes to the economy. he knows he's alone in trying to get people hired. he doesn't want to be blamed for what happens when we go over the cliff. he's actually more worried about those who don't have jobs than he is about those who do. put simply, the guy's got heart. he's not willing to check the heart at washington's door. all right. come on, this show's about making money, cramer. not a cardiology exam versus ben bernanke and the president and congress. it's the most valuable thing you can do to keep the bull market from running out of steam. as part of a long term analysis of the stock market that i've been working on pretty much every night knight at home, if needed to know one number, one piece of data to predict the market you would choose the unemployment rate. when the unemployment rate is going lower and jobs are being created, the positive signs. the congress of course is true, too. now, the problem at the moment isn't with the fed it's with the executive
is cutting his holiday vacation short, returning to washington tomorrow to continue talks to try to avoid that automatic tax hike and spending cut combination. that's the same day that congress returns to town. before the president left town on friday, he suggested a stopgap measure to freeze tax rates for people making less than $250,000 a year and extend unemployment benefits. reports say white house staffers have been quietly working with senate democrats to come up with a plan to avoid the fiscal cliff, but little progress has been made. >>> a chinese ratings agency is putting the u.s. on negative watch citing troubles with long-term debt issues. on a statement on its web site, global credit says each political party insists on the proposition favorable for its own interest. it expects u.s. debt to rise to 105% of gdp this year and warns the country will probably fall into recession in 2013 if there's no resolution to the fiscal cliff. last year, it cut u.s. treasuries from a to a-plus with a negative outlook. >>> and the holiday shopping season is drying to a close. early numbers sug
distinguished career in congress advocating on behalf of those voices who were often drowned out in washington by the influence of the moneyed interest. over the last 40 years, congressman stark has been one of the foremost advocates on behalf on efforts to ensure that americans were able to access quality, affordable health insurance. i am honored to have been one of the three principaled co- authors in the house of the historic affordable care act which will provide quality insurance for every single american. the key role mr. stark in drafting that law and made sure that the law provided needed relief for working families. this was a crucial accomplishment, yet it was far from mr. stark's only accomplishment in the field of health care. as a former chair and ranking democrat on the ways and means health subcommittee for many years, he was a leader on the health care reform. he was a lead author of the original cobra insurance bill which ensured that workers faced with losing their jobs would not also immediately lose access to the needed health insurance. and those of us who have gone throu
's foreign relations and what's next for president morrissey. washington redskins -- ♪ host: is this sunday, december 16, 2012. the flag over the u.s. capitol, over the white house, and in many locations across the country are at half staff today because of friday's school shooting in newtown, conn.. the nation's newspapers are full of details about what happened on friday. we would like to hear from you your opinions on how america can prevent mass shootings. is it the role of government or society to stop them? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. or join the conversation on facebook by looking for c-span and weighing in. you can also e mail us, journal@c-span.org. here is the first page -- front page of "the hartford current" this morning. "day of grieving." the top headline, along with a list of the victims. the employees, all women. the children, all around the age of 67. this is "the sunday bulletin." "residents gather to find comfor
will vote on the republican plan b tomorrow. veterans of washington's budget battles wouldn't be surpriseto see a plan c or d before a final resolution is hammered out. darren gersh, "n.b.r.," washington. >> susie: the threat of the fiscal cliff was a big topic at an investor conference in new york today hosted by johnson controls. this wisconsin-based industrial conglomerate is a leading provider of products to make buildings energy efficient, and it's also the world's largest maker of car batteries and automotive seats. c.e.o. stephen roell told me he's worried that uncertainty about the fiscal cliff could hurt consumer confidence, and his business. >> we don't do that. as the consumer, i products to costumers like the big three, that in turn sell to the auto industry. my biggest concern is how it will affect the psychology of the consumer. i've been surprised, susie, that people continue to buy automobiles. but my fear is that could change dramatically. >> susie: steve, to what extent are the ups and downs impacting your business day to day. >> i think people are holding back on making
of it is prevalent in the papers. wednesday with congress and the president heading back to washington. here is a headline on "usa today." in the wall street journal -- if the in "the washington post." we welcome your phone calls. we will get to them in a moment. we did find another piece at politico. there you have it in the papers this morning about people being optimistic or pessimistic about things. i want to dig a little bit deeper into "the wall street journal" piece. i we will probably see some what of a flurry of activity tomorrow. if first call. what is your name and where are you calling from? i think that caller is gone. let's try the next call. caller: i am optimistic because this is a great country. we are one nation under god that. i think people ought to turn to their faith during these times because we have always needed to through hard times. host: how will this play in washington but the fiscal glove? caller: i think the republicans are going to have to give it more than the democrats. president obama is basically going to do with the people voted him in for. i think he wil
service in the american revolution. he was a general of engineers under george washington and his many of you know, he designed the fortifications at west point. his payment was very long delayed and he finally got it in 1795 your in philadelphia he watches his good friend jefferson, and said would you write a will with me? and he may jefferson the executor. and after they drafted the formal, before they drafted a formal document, he had written something out in his own hand, and i would like to read this to you in conclusion. i bade mr. jefferson that in case i should die without will he should buy out of my money many negroes and free them. that remaining sons should be sufficient to give them education and provide for their means. that is to say, each should know beforehand the duty of a citizen in the free government, that he must defend his country against foreign as well as internal enemies, to have good and human hearts, sensible to the sufferings of others. each one must be married and have 100 acres of land with instruments, cattle for tillage and not to manage and govern as w
. molly is live in washington with the latest. hi, molly. >> hi, rick. he is a leader in the terror world. he is ambitious and very dangerous and now egyptian authorities aided by u.s. intelligence have him. officials have been tracking him for months according to the "wall street journal" and interest intensified after followers participated in the attack in benghazi, libya. he was captured in the past week or so, but we don't have details yet on how he was detained. u.s.ish ifs have not been able to interrogate him yet. here is what we know. ahmad is a former egyptian jihad member. he was released from a prison in march of 2011. he is the leader of the jamal network and has been setting up terror training camps in libya and egypt with some financial help from al-qaeda and yemen. and he was trying to set up al-qaeda in egypt. meanwhile secretary of state hillary clinton will be testifying on the benghazi uhing tay. a review board investigating the attack should be completed soon and secretary clinton will testify after that. >> i have been in conversations with the department of state. t
are in new york and i'm in atlanta, and we get to washington now, because the senior congressional correspondent dana bash is closely following the negotiations from capitol hill, and dana, you have been there and talking to people, and where are we on this? >> well, the senate majority leader harry reid was on the floor moments ago saying that the senate will reconvene at 11:00 a.m. tomorrow. the senate will reconvene tomorrow at 11:00 tomorrow, and that means no senate votes tonight which is not good news for everybody looking at the calendar and looking at the watch at this point and not the calendar to see that it is midnight tomorrow night that everybody's taxes in this country will go up. simply put, both sides are not at a place where they believe that they can come up with anything to put on the senate floor for a vote tonight. they will give it until the actual deadline, december 31st tomorrow, to reconvene. however, senator reid did say, don, that talks will continue tonight, so that is a good sign at least that the talks are continuing, but the fact that they are not vot
, based on what we know right now about the various details of what they're talking about in washington, you've liked stocks anyway. is this framework they're talking about a green light to buy stocks for you? >> it is. yes. we were pretty optimistic going into 2013. this just improves the outlook. >> in what way? how? >> well, i think some finality around where taxes are going to be is going to be very, very helpful. we can manage around the different tax rates in terms of capital gains issues and whatnot within portfolio locations. so knowing what those rates are going to be in managing around that will be helpful. stocks right now attractive from a valuation standpoint. i think it'll be a good 2013. >> brad fredelander, you have been skeptical of the market. does this deal help, do you think? >> well, it's certainly good news. i think -- i do have some concern that the market es at this point are in more fiscal harmony than the discord we've been seeing. we still have within six to eight weeks the debt limit issues as well. so i think there are going to be some hurdles early in the y
sarah kliff, a health care reporter with "the washington post." as we continue our series, we want to take a look at different aspects of what we can expect as we face the january 1 deadline. we want to talk about the said likely the doc fix. many people say you have to understand the doc fix. guest: it is something we have had since about a decade ago. back in 1997, congress set a formula for how to pay doc fares. it worked for about five years until the cost of health care started growing. what we have seen every year is congress passed a temporary pay patch to make up the difference. every year, we get to the end of the year and there is this impending gap. right now if we do not pass it, medicare salaries will go down by 25%. everyone thinks the doc fix is not a good idea and we should fix it permanently. it is something that we face every year. host: if nothing happens next year, the cost is estimated to be $25 billion. over two years, $41 billion. guest: it is expensive and we always have to find a way to pay for it. we are looking for some other cuts that we can make to tota
- mails and tweets. "washington journal" is next. host: good morning, it's wednesday, december 19, 2012. the white house has thrown its support behind several gun- control measures on tuesday in the wake of the shooting rampage in newtown, connecticut. a state department inquiry into the september 11 terror attack in benghazi, libya, criticized the agency harshly for inadequate security that -- but specificrecommend signi individuals. and we begin today in on the details of john boehner's plan to avoid the fiscal cliff. we want to hear from you. how optimistic are you that a compromise can still be reached before the end of the year? give us a call -- and you can get up with us on all your social media web sites on facebook and twitter, or e- mail us. a very good morning to you. i want to take you to the lead story in today's washington post. that was today's washington post. here's the headlines from "politico" today. i want to take you to speaker john boehner's comments on the state of the current negotiations and his plan b. [video clip] >> what the white house offered yesterday was
say he should win easy confirmation in the senate. staying in washington, and president obama is increasing the pressure on the country's powerful gun lobby's and calling for stricter regulations on assault weapons. he has also challenged his fellow gun control advocates to take a clear stand on the issue. >> america had a moment of silence for the victims of the newtown massacre. exactly one week ago, a young man armed with a semiautomatic rifle gunned down 20 people in connecticut. meanwhile, the national rifle association has taken a hard- nce on the issue, calling for armed security guards in yev american school to protect students. >> the gun owner's organizatitin has proposed the establishment of a national school shield program, saying a bad guy with a gun can only be stopped by a good guy with a gun. the head of the inner raymond it clear that the nra opposes new gun laws. pro-gun control activists twice disrupted the press conference in washington. russian president vladimir putin has made sharp comments about a european energy law, saying it causes confusion and unde
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